Belrise Industries Plans Rs 2,150 Crore IPO to Reduce Debt

26 Nov 2024 CW Team

Indian automotive component manufacturer Belrise Industries has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise Rs 2,150 billion through an initial public offering (IPO). The offering will be entirely a fresh issue of shares, with no offer for sale (OFS) component. The company is also considering a pre-IPO placement of up to Rs 430 billion, which could reduce the final size of the issue.

Belrise plans to utilize Rs1,618 billion of the IPO proceeds to pay off its debt, which stood at Rs 2,463 billion as of June 2024. With a robust presence in the automotive sector, the company manufactures a range of safety-critical components for vehicles across multiple categories, including two-wheelers, four-wheelers, and commercial vehicles. It has established relationships with major OEMs like Bajaj Auto, Hero MotoCorp, Honda, and Jaguar Land Rover.

The company’s revenue grew 13.7% to Rs 7,484.24 billion in FY24, while profit after tax stood at Rs 310.88 billion. Belrise operates 15 manufacturing facilities across eight states and has expanded its market reach internationally, including to the UK, Japan, and Thailand. Axis Capital, HSBC, Jefferies India, and SBI Capital Markets are managing the IPO.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..